Xpeng XPNGF
NYSE XPNGF
$5.53 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

Xpeng (XPNGF) Research & Development (2019 - 2026)

Xpeng's (XPNGF) quarterly Research & Development came in at -$429.5 million in Q2 2026, down 39.47% year-over-year from -$709.7 million in Q2 2025, and down 1.92% quarter-over-quarter from -$421.4 million in Q1 2026.

Analysis

Xpeng (XPNGF) Research & Development (2019 - 2026) Analysis & Trends

Xpeng (XPNGF) has reported Research & Development for 8 consecutive years, with -$429.5 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Research & Development fell 39.47% year-over-year to -$429.5 million in Q2 2026; TTM through Jun 2026 was -$1.6 billion, a 46.75% decrease from a year earlier, with the FY2025 full-year figure at -$1.4 billion, down 53.41% from the prior year.
  • Research & Development was -$429.5 million for Q2 2026 at Xpeng, down from -$421.4 million in the prior quarter.
  • Over five years, Research & Development peaked at -$178.3 million in Q4 2022 and troughed at -$429.5 million in Q2 2026.
  • A 5-year average of -$254.8 million and a median of -$206.2 million in 2022 frame the typical range for Research & Development.
  • The widest YoY moves for Research & Development: up 21.7% in 2022, down 135.88% in 2022.
  • Over 5 years, Research & Development stood at -$178.3 million in 2022, then slipped by 3.28% to -$184.2 million in 2023, then sank by 49.24% to -$274.9 million in 2024, then plunged by 47.42% to -$405.2 million in 2025, then retreated by 5.99% to -$429.5 million in 2026.
  • The last three Research & Development figures came in at -$429.5 million (Q2 2026), -$421.4 million (Q1 2026), and -$405.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Tesla 1,198.29 Bn 1,154.76 Bn 4.75 Bn 2.37 Bn
2 Toyota Motor 256.51 Bn 178.52 Bn 12.27 Bn -
3 Honda Motor 126.03 Bn 85.90 Bn 8.46 Bn -1.53 Bn
4 Ford Motor 79.18 Bn 47.85 Bn 6.08 Bn -
5 General Motors 76.72 Bn 52.01 Bn 7.33 Bn -
6 Rivian Automotive 21.51 Bn 16.20 Bn 179.00 Mn 466.00 Mn
7 Nio 8.66 Bn 2.33 Bn 870.51 Mn -316.12 Mn
8 VinFast Auto 7.17 Bn 7.17 Bn -677,431.76 Bn -101,004.78 Bn
9 Li Auto 5.98 Bn -6.51 Bn 417.98 Mn -409.08 Mn
10 Xpeng 5.26 Bn 2.95 Bn 601.83 Mn -429.54 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -429.54 Mn
Mar 31, 2026 -421.43 Mn
Dec 31, 2025 -405.25 Mn
Sep 30, 2025 -341.18 Mn
Jun 30, 2025 -307.97 Mn
Mar 31, 2025 -272.95 Mn
Dec 31, 2024 -274.88 Mn
Sep 30, 2024 -232.71 Mn
Jun 30, 2024 -201.83 Mn
Mar 31, 2024 -187.04 Mn
Dec 31, 2023 -184.19 Mn
Sep 30, 2023 -178.98 Mn
Jun 30, 2023 -188.53 Mn
Mar 31, 2023 -188.69 Mn
Dec 31, 2022 -178.34 Mn
Sep 30, 2022 -210.66 Mn
Jun 30, 2022 -188.85 Mn
Mar 31, 2022 -192.65 Mn
Dec 31, 2021 -227.76 Mn
Sep 30, 2021 -196.21 Mn